---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-011707"
form_type: "8-K"
ticker: "MDXG"
cik: "0001376339"
company_name: "MIMEDX GROUP, INC."
filed_at: "2024-01-22T23:59:59+00:00"
generated_at: "2026-06-06T20:32:17.914244+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# MiMedx closes $95M senior secured credit facilities; reduces interest expense

## Summary
- New facilities: $75M revolver + $20M term loan, due Jan 2029.
- Drew $50M at closing; proceeds repaid existing Hayfin credit facility (maturity June 2025).
- Interest rates: SOFR + 2.25%-3.50% or base rate +1.25%-2.50%.
- CFO states refinancing improves capital structure, provides borrowing capacity for growth.
- Arranged by Citizens Bank and Bank of America; Hayfin agreement terminated.

## SEC filing metadata
- accession: 0001193125-24-011707
- form_type: 8-K
- ticker: MDXG
- cik: 0001376339
- company_name: MIMEDX GROUP, INC.
- filed_at: 2024-01-22T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1376339/000119312524011707/0001193125-24-011707-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1376339/000119312524011707/d726571d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-011707
- JSON: https://secwatch.observer/filing/0001193125-24-011707.json
- Plain text: https://secwatch.observer/filing/0001193125-24-011707.txt

## Key facts
- Debt Financings
  MIMEDX GROUP, INC. incurred revolving credit of $75.0 million senior secured revolving credit facility with Citizens Bank, N.A. at Alternate Base Rate plus an applicable margin ranging from 1.25% and 2.50% or Te maturing January 19, 2029.
  - Instrument: revolving credit
  - Principal: $75.0 million senior secured revolving credit facility
  - Counterparty: Citizens Bank, N.A.
  - Rate: Alternate Base Rate plus an applicable margin ranging from 1.25% and 2.50% or Te
  - Maturity: January 19, 2029
  - Event: incurrence
  source text: a customary security agreement. The Credit Agreement provides for senior secured credit facilities in an aggregate principal amount of up to $95.0 million consisting of: (i) a $75.0 million senior secured revolving credit facility (the “Revolving Credit Facility”) with a $10.0 million letter of credit sublimit and a $10.0 million swingline loan sublimit, and (ii) a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376339/000119312524011707/0001193125-24-011707-index.htm
- Debt Financings
  MIMEDX GROUP, INC. incurred term loan of $20.0 million senior secured term loan facility with Citizens Bank, N.A. at Alternate Base Rate plus an applicable margin ranging from 1.25% and 2.50% or Te maturing January 19, 2029.
  - Instrument: term loan
  - Principal: $20.0 million senior secured term loan facility
  - Counterparty: Citizens Bank, N.A.
  - Rate: Alternate Base Rate plus an applicable margin ranging from 1.25% and 2.50% or Te
  - Maturity: January 19, 2029
  - Event: incurrence
  source text: On January 19, 2024, the Company borrowed $30.0 million under the Revolving Credit Facility and $20.0 million under the Term Loan Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376339/000119312524011707/0001193125-24-011707-index.htm
- Material Agreements
  MIMEDX GROUP, INC. entered into Credit Agreement with Citizens Bank, N.A., as administrative agent, and the lenders party thereto valued at aggregate principal amount of up to $95.0 million (effective 2024-01-19).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citizens Bank, N.A., as administrative agent, and the lenders party thereto
  - Value: aggregate principal amount of up to $95.0 million
  - Effective: 2024-01-19
  source text: On January 19, 2024, MiMedx Group, Inc. (the “Company”) entered into a Credit Agreement (the “Credit Agreement”) with the lenders party thereto (the “Lenders”) and Citizens Bank, N.A., as administrative agent (the “Agent”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376339/000119312524011707/0001193125-24-011707-index.htm
- Material Agreements
  MIMEDX GROUP, INC. terminated Hayfin Credit Agreement with Hayfin Services LLP, as administrative and collateral agent, and the lenders party thereto (effective 2024-01-19).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Hayfin Services LLP, as administrative and collateral agent, and the lenders party thereto
  - Effective: 2024-01-19
  source text: The Hayfin Credit Agreement was simultaneously terminated and the guarantees and liens related thereto were released upon the repayment in full of all of the outstanding obligations under the Hayfin Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1376339/000119312524011707/0001193125-24-011707-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.